Top Crypto Gainers Today on DEXScreener
As major cryptos remained stuck within recent ranges as traders digest Ethereum ETF approvals and hotter-than-expected US economic data released this week, traders are turning to the on-chain markets as they hunt for the top crypto gainers today. Bitcoin (BTC) was last trading just below $69,000, up 4% this week. Ethereum (ETH), meanwhile, is changing hands in the $3,700s, up over 21% this week. Both cryptos are currently trading 4-5% below earlier weekly highs. Ethereum ETF approvals are an important bullish catalyst, but macro headwinds appear to have scuppered the market’s momentum. As blue-chip cryptos struggle, traders are turning to alternative assets as they hunt volatility. And the on-chain markets are the perfect place to make quick gains or losses.
Top Crypto Gainers Today
- EGOD (EGOD): A new meme coin paying respects to the death of Kabosu, the Shiba Inu dog that inspired the creation of Dogecoin, called EGOD (EGOD) has sprung up on Friday and is performing well. The token was last up 15,900% since its launch, as per DEXScreener. Its market cap was last around $1.1 million, with $200,000 in liquidity.
- Degen Smerf (SMERF): A new shitcoin called Degen Smerf (SMERF) is up 7,800% since its launch, as per DEXScreener. Its market cap was last around $300,000, with $70,000 in locked liquidity. While the token only has one issue in its smart contract, as per a Go+ Security audit, that doesn’t mean it’s not a scam. Traders need to remember that nearly all newly launched coins are either scams or pump-and-dumps. Traders must do their due diligence before getting involved.
- Harambe (HARAMBE): Elon Musk tweeted out to commemorate the death of Kabosu, saying he is in heaven with Harambe. That has spurred the creation of a new Harmabe meme coin. It was last up 10,400%, as per DEXScreener, with a market cap of $1 million. The token has $176,000 in locked liquidity and two concerning issues with its smart contract.
Better Alternative to Consider
Investing in newly launched meme coins is fraught with risk. Yes, some of these coins might 100x. But the vast majority will fall flat, and investors might never be able to find the liquidity to sell. Their fast price action tends to trigger FOMO in traders, who neglect to do the required due diligence. A potentially better alternative to investing in just-launched meme coins is to invest in presales. Here, traders have more time to research a project and see if it is a good fit for them. Indeed, if a trader can reliably identify projects that end up gaining tract, they can make big gains.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
